IRSA Inversiones y Representaciones Sociedad Anónima : Factsheet 2022
January 24, 2023 at 10:29 am
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Factsheet
FY 2022
sqm GLA
THE COMPANY
We are the Argentina's leading real estate company in terms of size and quality. Engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including: the acquisition, development and operation of shopping malls, office buildings, residential properties, luxury hotels, undeveloped land reserves for future development and sale, and selective investments outside Argentina.
SHOPPING MALLS' UNIQUE PORTFOLIO
OFFICES BUILDINGS
BA CITY ~70%
Market
Share
Dot Building
Philips
Della Paolera 261
Zetta
Suipacha
Intercontinental
15 MALLS
High income Area
Expanding Corporate North Area
Mid Income Area
Business Center
336,000
Low Income Area
AAA Location
Back Office Center
6 BUILDINGS
June 30, 2021, we held a 29.91% interest in Banco Hipotecario. Established in 1886 by the argentine84,000government and privatized in 1999, Hipotecario has historically been Argentina's leading mortgage lender, provider of mortgage-related insurance and mortgage loan
sqm GLA
services All of its operations are located in Argentina where it operates a nationwide network of 63 branches in the 23 Argentine provinces and
the City of Buenos Aires, and 12 additional sales offices throughout Argentina.
3 PREMIUM HOTELS ACROSS THE COUNTRY
Intercontinental Libertador
Llao Llao
FINANCIAL INVESTMENTS
29.9%
Banco Hipotecario has historically been Argentina's leading mortgage lender, provider of mortgage-related insurance and mortgage loan services. All of its operations are located in Argentina where it operates a nationwide network of 63 branches in the 23 Argentine provinces and the City of Buenos Aires, and 12 additional sales offices throughout Argentina.
COSTA URBANA PROJECT APPROVAL
DECEMBER 2021
OBELISC
NATIONAL PUERTO
GOVERNMENTMADERO
Urbanization area
=1/3
Pedestrian walkways and access points
PUERTO
Public and green space
MADERO
Premium
location
70
Total Hectares
70%
For public uses
30%
To develop
~900,000
Buildable sqm
Mixed-uses
Potential
15 - 20 years
Project
South
Puerto
Madero
CONTRIBUTIONS TO THE CITY:
50.8 hectares for public use (71% of the total area of the property)
3 additional parcels of the property
USD 2 MM in cash and the amount of 3,000,000 sovereign bonds (AL35)
Investment of up to USD 40 million on infrastructure and road works
Investment on maintenance of public spaces for 10 years or until the sum of USD 10 million is completed.
IRSA is currently working to fulfill all the administrative and governmental requirements
NET ASSET VALUE1
JUNE 30, 2022 - USD MILLION
2,466
GAV
2,144
NAV
13%
LTV
77
111
321
COSTA URBANA
713
1.052
33
2.466
2.144
495
698
Shopping
Offices
Hotels
Land reserves
Banco
JV, Investees 2 Gross Asset
Net Debt
Net Asset
Malls
& Prop. Under
Hipotecario
& Others
Value
Value
development
1- Assets and liabilities adjusted by ownership as of June 30, 2022
2- Includes trading properties and barters registered under intangible assets. These two items are recorded at historical cost in the financial statements. It also includes Quality and Nuevo Puerto Santa Fe as JV and La Rural, Convention Center & TGLT as Investees as well as other rental properties
DEBT PROFILE
JUNE 30, 2022 - USD MILLION
Description
Amount
Maturity
Short term debt
45.9
<360 days
Series II
350.7
Mar-23
Series IX
56.1
Mar-23
Series I
3.1
Mar-23
Series VIII
18.6
Nov-23
Series XI
12.8
Mar-24
Series XII
46.9
Mar-24
Series XIII
29.6
Ago-24
Other Debt
8.1
Feb-23
GROSS DEBT
571.8
Cash & Equivalents
248.7
NET DEBT
323.1
AMORTIZATION SCHEDULE PRE-
EXCHANGE OFFER
(JUNE 30, 2022)
473.2
350.7
83.8
SUBSEQUENT EVENT: IRCP23 NOTES EXCHANGE RESULT
USD 360 MM - 8,75% - Mar-23
AMORTIZATION SCHEDULE AFTER EXCHANGE OFFER
(AUGUST 19, 2022)
GROSS DEBT
453.7
Cash & Equivalents
152.5
NET DEBT
301.2
198.4
111.8
46.8
42,1
122.5
14.8
190.0
27.3
27.3
27.3
8,5
84.5
27.3
FY 23
FY 24
FY 25
FY 23
FY 24
FY 25
FY 26
FY 27
FY 28
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Disclaimer
IRSA - Inversiones y Representaciones SA published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 15:28:02 UTC.
IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company's segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.
IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA 
